In Estonia, large families now have the opportunity to purchase homes with reduced down payment requirements thanks to state-backed guarantees through the EIS. Generally, banks require a minimum of 15% for housing loans, but with the EIS guarantee, this can be lowered to 10%. For large families, this requirement is reduced even further to just 5%, significantly easing the burdens of upfront costs and enabling many families to move into their new homes sooner than they would otherwise be able to.

According to Margit Volt, the head of housing loan development at Luminor, this initiative is expected to help families accumulate the necessary down payment more quickly, overcoming one of the main challenges they face in securing housing. The EIS (formerly KredEx) housing loan guarantee is a government-created measure aimed at supporting families in their journey to home ownership. This financial support allows families to manage their finances better, as the lower initial costs mean they won't have to wait as long to achieve their home ownership goals.

The implications of this policy are significant, as it not only promotes home ownership among larger families but also reflects the government's commitment to supporting citizens in need. By facilitating easier access to housing, the program not only strengthens family units but also has the potential to positively impact the housing market and local economies across Estonia.